Bain Capital Double Impact, the impact investment strategy of Bain Capital, has made a growth investment in AqueoUS Vets, a vertically integrated manufacturer of water treatment services.
The investment will be used to expand AV’s treatment services across the country, broaden and diversify its services, and further its mission of reducing contaminants prevalent in the U.S. water service. AV is a provider and servicer of water treatment services addressing contaminants in water infrastructure. The firm offers a turnkey approach to building, installing and servicing custom water treatment systems that leverage design technology and ensure long-term operational liability.
“AV is a leading player in the water treatment industry for ‘forever chemicals’,” said Todd Cook, managing partner at Bain Capital Double Impact. “A growing number of municipalities across the country are proactively addressing the widespread presence of these contaminates with support from all levels of government.”
Kirkland & Ellis LLP acted as legal adviser to Bain Capital Double Impact. Raymond James & Associates, Inc. acted as financial advisor and Taft Stettinius & Hollister LLP acted as legal advisor to AqueoUS Vets.